Traditional accounting software requires you to enter opening balances, setup chart of accounts, configure tax variables, select when your financial year starts and so on before you can issue your first invoice or record a payment. This is not needed because accounting system doesn't require all of these set up actions before you are able to simply issue an invoice. MYBOS doesn't impose onerous set up before getting started. For example, MYBOS system doesn't need the financial year starting date until the financial year ends which can be a whole year after you start using the program. This greatly reduces the options to decide on and the actions to take before users are able to get started.
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